Japanese Yazaki group in Morocco

US commends King Mohammed VI’s reform agenda over two-decades

US Secretary of State Michael R. Pompeo highlighted King Mohammed VI’s leadership in advancing a bold and far-reaching reform agenda over the two past decades. Pompeo made the statement in a joint release following the 4th session of the US-Morocco strategic dialogue which he chaired in Washington together with Foreign Minister Nasser Bourita. The US […]

Morocco’s central bank kicks off instant inter-bank payments

Clients of Moroccan banks can now enjoy instant transfers in real time and for free over the next three months, Morocco’s central bank said in a statement. The time-span for transfers between clients of Moroccan banks would now take no more than 20 seconds provided it is capped at 20,000 dirhams, it said. The initiative […]

Casablanca Gets €172 Mln WB Loan to Support its Modernization

The World Bank Board has announced a €172 million loan to the Moroccan city of Casablanca, hosting around 12 pc of the North African country’s population and contributing 20 pc of the national GDP. The loan, first of its kind, will enable the city’s managers to solve its growing urban challenges. It will support the […]